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Exercise 5-3 Periodic: Inventory costing methods LO P1 The following information applies to the questions displayed below) Laker Company reported the following January purchases and sales data for its only product. sold at Retail Activities Units Acquired at Cost Units 140 units o 6.00 840 Jan. 1 Beginning inventory 100 units 15 Jan. 10 Sales 60 units S 5.00 300 Jan. 20 Purchase 80 units 15 Jan. 25 Sales 180 units o 450 810 Jan. 30 Purchase 180 units $1.950 380 units Totals The company uses a periodic system. For specific identification, en inventory consists of 200 units, where 180 e inventory from beginning inventory. References c inventory costing ise Section Break methods Lo P1